You’ve got to hand it to Wildflower Brands (SUN.C) boss William Maclean, he’s a sucker for an opportunity.
Two news releases wafted past me yesterday that caused me to dig deeper than the words written on the page. This sometimes happens out of necessity – a company has to release news about a topic but can’t go into detail yet, or has bad news they don’t particularly want to run a highlighter over.
Last week Friday Night Inc.(TGIF.C) announced that it received a permit for a 12,000 sq/ft hemp processing facility in Las Vegas, Nevada along with its 91% owned subsidiary Infused MFG. The 5,000 sq/ft. production facility currently being retrofitted in Las Vegas, NV, will process hemp biomass into CBD products. Infused sells CBD products through its Canna Hemp brand.
I’ve noticed a subtle change in the order of things lately that, while it may seem a small thing, it’s actually a sign of something much bigger.
Wildflower Marijuana (SUN.C) has gone from marijuana applicant to CBD lifestyle brand purveyor. CEO, William Maclean gets on the EQUITY.GURU livestream to explain where the company has been and the potential of its new CBD mandate. Have a watch. Watch live video from EquityDotGuru on www.twitch.tv
The last few months of activity in Wildflower Marijuana (SUN.C) stock have been equals parts froth, potential, and straight up market herd mentality, in this writer’s opinion. While the Wildflower crew promise big things with their US distribution deal, a cynic could point to there not being a lot of ‘there’ there.
Wildflower Marijuana CEO William Maclean gave the vocal equivalent of a shrug when I called him today to ask about his stock’s wild day, in which the share price dropped from $0.60 to $0.45 (at the time of writing).
Excerpt from a conversation I had over text with Wildflower CEO William MacLean last October, after I dismissed the outfit as a non-player in a Medical Marijuana Update.
It’s been a while since Emblem Cannabis (EMC.V) hit the public markets as one of the big five, making early investors who bought in at $1.15 per share wealthy and setting up the slipstream countless other weedcos have used to burst onto the markets at speed in the months since.
Cambridge House is older than some of the investors walking around its conferences. It’s been putting on top notch trade shows since Marco Polo had a booth, but this most recent event, at the 2015 Canvest show, was pretty tame stuff.